UAE: UAE, US sign strategic partnership agreement worth $100 billion in clean energy projects – WAM – Gulf Digital News

UAE: UAE, US sign strategic partnership agreement worth $100 billion in clean energy projects – WAM – Gulf Digital News

ABU DHABI - The United Arab Emirates and the United States signed a strategic partnership agreement to invest $100 billion in clean energy projects with a production capacity of 100 gigawatts by 2035, state news agency WAM reported on Tuesday.

The UAE-US Partnership for Accelerating Clean Energy (PACE) was signedUAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change Dr. Sultan Al Jaber and Special Presidential Coordinator Amos Hochstein signed the Partnership on behalf of the UAE and the US.

The signing ceremony took place at ADIPEC, a global platform that brings together leaders and pioneers of the global energy sector to discuss energy security and ensure adequate and sustainable supply of energy at appropriate costs.

At the event the UAE and US reaffirmed their shared commitment to enhancing climate ambition and climate action, in line with their net zero 2050 goals.

Building on five decades of energy cooperation and partnership, the UAE and US have established PACE to promote practical initiatives and promising technologies that can quicken the energy transition. It will assemble and stimulate private and public sector funding and support across four priority areas: Clean energy innovation, financing, deployment and supply chains; Carbon and methane management; Advanced